Broad Oak: your emotional support animal

Saturday, April 10, 2010

Sovereign debt default risk

CMA have released their first quarter report on sovereign debt ratings, as implied by market pricing of the 5-year default risk on government bonds. I give below a rearranged extract to show where the USA and the UK stand in relation to other countries.

It's worth noting that despite recent improvement, the UK is still out of the "AAA" bracket - by two rungs.

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